Other companies on the Moody's review list include Paramount Resources Ltd., Talisman Energy Inc. and other oil and gas producers as well as companies that provide drilling, transportation and environmental services to the industry.

Moody's says it's reviewing the debt ratings for a total of 120 companies around the world because of the outlook for energy prices. Among those affected are giants such as Repsol and British Petroleum.

Projecting $33 US oil this year

It's estimating the West Texas Intermediate benchmark crude will be about $33 US a barrel this year, on average, rising to $38 US per barrel next year and $43 US barrel per day in 2018 — higher than recent prices but down from 2014 and 2015.

The New York-based agency said it was lowering its estimates for oil prices because of continuing oversupply, particularly in light of new Iranian exports following the end of bans put in place until it met demands to limit its nuclear program.

"Increased production vastly exceeds growth in oil consumption, even with consumption growth by major consumers such as the U.S., China and India," Moody's said Friday.